Spain: Carbides Market 2024

Carbides Market Size in Spain

The Spanish carbides market surged to $X in 2022, growing by 29% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Carbides consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Carbides Production in Spain

In value terms, carbides production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by 44% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Carbides Exports

Exports from Spain

In 2022, the amount of carbides exported from Spain shrank rapidly to X tons, falling by -36.6% on the previous year's figure. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, carbides exports declined slightly to $X in 2022. In general, exports recorded a mild decline. The pace of growth was the most pronounced in 2021 when exports increased by 49%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Portugal (X tons) and South Africa (X tons) were the main destinations of carbides exports from Spain, with a combined 61% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +215.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carbides exported from Spain were Portugal ($X), South Africa ($X) and France ($X), together accounting for 55% of total exports.

South Africa, with a CAGR of +155.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average carbides export price amounted to $X per ton, surging by 52% against the previous year. Over the period under review, the export price enjoyed buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Carbides Imports

Imports into Spain

In 2022, supplies from abroad of carbides increased by 64% to X tons, rising for the second year in a row after two years of decline. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 87%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, carbides imports skyrocketed to $X in 2022. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2021 with an increase of 99%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of carbides to Spain, with a 43% share of total imports. Moreover, carbides imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +40.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+41.3% per year) and Germany (+19.4% per year).

In value terms, China ($X) constituted the largest supplier of carbides to Spain, comprising 41% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by Portugal, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +42.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+16.3% per year) and Portugal (+16.4% per year).

Import Prices by Country

The average carbides import price stood at $X per ton in 2022, jumping by 20% against the previous year. Overall, the import price, however, saw a perceptible contraction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+45.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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